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Lexus GX 470 Lease Questions

259 messages,  Last post on Oct 27, 2009 at 1:42 AM

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What is this discussion about? Lexus GX 470, Car Leasing, SUV

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#176 of 259 2008 GX 470 by berisky Sep 05, 2007 (11:40 pm)
I'm about to lease a '08 GX470 White/Tan.   MSRP $52,225 + tax.   36 mo / 30k miles   They want $1,400 drive off and $880/mo (incl tax)   Good deal? Replies to this message: Car_man (Sep 07, 2007 2:41 am) berisky (Sep 14, 2007 11:17 pm) Car_man (Oct 11, 2007 2:56 am)
#177 of 259 Re: Resid/MF for June [us_matrix] by Car_man HOST Sep 07, 2007 (2:26 am)
Replying to: us_matrix (Jul 31, 2007 4:08 pm) Greetings us_matrix. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   Let's take a look at the lease programs for the trucks that you mentioned. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GX 470 with 12,000 miles per year are .00285 and 52%, respectively. If I recall correctly, BMW Financial Services' current money factor and residual value for an otherwise identical lease of an '07 X5 3.0 are .00230 and 58%. As you can see, BMW's lease program for the X5 is much more attractive than Lexus' current program for the GX 470.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#178 of 259 Re: Resid/MF for June [toddc2] by Car_man HOST Sep 07, 2007 (2:32 am)
Replying to: toddc2 (Aug 02, 2007 1:16 pm) Hi toddc2. I always advise consumers against leasing for 60 months. It is usually very expensive to get out of leases prior to their scheduled end dates. A lot can happen over the course of five years to make you want to get a different vehicle. Your commute to work could change causing you to go way over your mileage allowance, you could get sick of your truck and want something different, etc... It is best to stick to a 36 to 39 month lease, 48 months at the longest.   Lexus is not currently providing any lease support on the GX 470. If you were to lease one through Lexus Financial Services right now, you would have to use its standard money factor. Its standard factor may vary slightly by region, but it should currently be around .00285 for consumers who qualify for its Tier 1+ credit tier. LFS' current 60 month, 12,000 mile per year residual value is only 36%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#179 of 259 Re: Lexus GX 470: Lease Questions [hotchilipepper] by Car_man HOST Sep 07, 2007 (2:36 am)
Replying to: hotchilipepper (Aug 11, 2007 2:43 pm) Hi hotchilipepper. If the dealer did not residualize the aftermarket entertainment system that you put in your leased GX 470, and I suspect that they did not, then you would be able to take it with you at the end of your lease so that you can install it in your next vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#180 of 259 Re: Just lease a GX-470 [freshwater] by Car_man HOST Sep 07, 2007 (2:40 am)
Replying to: freshwater (Aug 25, 2007 8:23 pm) Congratulations on your new truck, freshwater. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#181 of 259 Re: 2008 GX 470 [berisky] by Car_man HOST Sep 07, 2007 (2:41 am)
Replying to: berisky (Sep 05, 2007 11:40 pm) Hello berisky. You never mentioned the selling price of the GX 470 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: berisky (Sep 14, 2007 11:17 pm) Car_man (Oct 11, 2007 2:56 am)
#182 of 259 Re: 2008 GX 470 [Car_man] by berisky Sep 14, 2007 (11:17 pm)
Replying to: Car_man (Sep 07, 2007 2:41 am) White/Tan   $52,225 MSRP $46,701 Negotiated $1150 Chrome Whls $160 Window Tint $895 XM Radio $2000 Rear Seat DVD in each headrest $600 Acquisition Fee $51,506 Total   $1500 drive off includes first payment & reg $860/mo 35 months & 10k mi/year   Good? Replies to this message: Car_man (Oct 11, 2007 2:56 am)
#183 of 259 First Lease - GX470 by caligirl5 Sep 27, 2007 (9:27 pm)
This is the first time I am considering leasing and any information/advice would be appreciated. I received the following quote and it seems like a decent deal: GX470 with MSRP: $53,536 Includes: Navigation System / Mark Levinson Audio Package Includes: Backup Camera Cargo Net, Cargo Mat, Wheel Locks Exhaust Tip Rear Spoiler Third Row Seat With Rear Air Conditioner Tow Hitch Bracket   Sale price $45,688 Residual $29,444. MF .00275 $1500 Total Drive Offs 36 $735. Incl Tax.   I asked for a quote based on 3 years/12,000 miles per year so I believe this is for 36,000 miles. I am trying to confirm this with the dealer. Will the December to Remember deals be better? Any chance I can negotiate a better money factor now and not wait until the end of November? I believe the money factor will go down to .00225 at that point in time. Thanks for any responses! Replies to this message: berisky (Sep 29, 2007 11:09 am) Car_man (Oct 11, 2007 2:59 am)
#184 of 259 Re: First Lease - GX470 [caligirl5] by berisky Sep 29, 2007 (11:09 am)
Replying to: caligirl5 (Sep 27, 2007 9:27 pm) seems like a great deal. grab it.
#185 of 259 Re: 2008 GX 470 [berisky] by Car_man HOST Oct 11, 2007 (2:56 am)
Replying to: berisky (Sep 14, 2007 11:17 pm) Hi berisky. The truck that you described has a whopping spread of over $6,500 between its MSRP and its dealer invoice price. The $5,500 discount that you negotiated on the specific unit that you are interested in is a pretty reasonable price. It is probably equivalent to around $1,000 over invoice. Just make sure that the dealer that you are working with uses Lexus Financial Services' current buy rate lease money factor to calculate your monthly payment and you're all set. LFS' current buy rate for this model should be around .00275 for consumers who qualify for its top credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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